Black Spade Acquisition II Co, a SPAC under the Ho Yau Lung family office, announced the completion of a $150 million initial public offering.

The OTC sector in the United States performed strongly in July, with trading volumes far exceeding the total amount of the New Third Board, Beijing Stock Exchange, and Hong Kong ChiNext during the same period.

A Bitcoin financial services company from the United States announced its merger with SPAC, with a valuation of up to $360 million.

Chinese Hong Kong logistics companies successfully listed on the NASDAQ main board through SPAC, with a valuation of up to 200 million US dollars in just six months.

A hydrogen powered car company from Shanghai, China announced that it has signed a final merger agreement with a SPAC and plans to list on NASDAQ, with a valuation of over 1 billion US dollars.

Compared to the same period last year, the overall performance of Chinese concept stocks listed in the United States in the first half of 2024 shows an upward trend. New stock applicants from the consumer, artificial intelligence, hard technology, life technology, and green and sustainable industries will be the focus of the market.

Zhongyuan Biotechnology Holdings Co., Ltd. plans to upgrade from the OTC market in the United States to the NASDAQ main board market, becoming the first company to apply for registration with the China Securities Regulatory Commission.

In the past two weeks or so, five SPACs were newly established this year and applied for IPOs before mid June.